How and when you can expect your merchants to be funded is integral to setting your clients’ expectations and ensuring they’re receiving their processing income as quickly as possible. The Payrix Platform provides the means for you to customize your Merchants’ Withdrawal Schedule based on their business needs and on their settled transaction activity.
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In order for your clients to receive payouts to their bank account, they must have an active Withdrawal Schedule created. Otherwise, any processing income will remain in their Payrix Available Balance and will not be sent to their bank account. |
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How long does it take for a Merchant to receive the funds after a payment is processed?
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Depending on your platform’s agreement with the Payrix Underwriting team, new Merchants may be subject to a 3-7 business day initial funding delay when added to Payrix. During this period, all scheduled withdrawals will remain pending for additional review, and any payout requested during this timeframe will be sent all at once, after the initial delay period has passed. |
To understand the timeline from when a payment takes place until a Merchant will receive the funds in their bank account, it’s first important to understand both the transaction processing cycle and the withdrawal/funding processing cycle so you know when to expect your client’s money to hit their bank account.
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Because we offer a variety of custom withdrawal options, these timelines may vary depending on the Merchant’s account configuration. We suggest you visit the funding section for more detailed timelines and payout configuration options. |
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